PepsiCo To Disclose Lobbying and Trade Association Ties

PepsiCo Inc., a global food and beverage company with annual revenues of $60 billion, has agreed to fully disclose all of its lobbying and contributions made to trade associations as well as funds paid to grassroots lobbying and tax-exempt organizations that write and endorse model legislation. In response to an agreement with New York State Comptroller Thomas DiNapoli (who also controls the New York State Common Retirement Fund), DiNapoli withdrew a shareholder resolution calling for disclosure of shareholder money spent on lobbying and other political spending. See PAC profile of PepsiCo Inc. Concerned Citizens Fund, and multi-year lobbying profile.